The Energy Journal: Oil Prices Turn Lower Again

By John M. Biers

Oil prices are lower Wednesday in the Asian trading session after posting a strong jump Tuesday on concerns about rising tension in the Middle East. The market today, however, has again become fixated on economic weakness and the stronger dollar. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at $92.04 a barrel at 0605 GMT, down $0.35 in the Globex electronic session. November Brent crude on London's ICE Futures exchange fell $0.30 to $114.20 a barrel.

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